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Los Angeles CNN —Los Angeles officials on Tuesday moved to cement the city and its schools as sanctuaries for immigrants and LGBTQ youth as the city positions itself to push back strongly against President-elect Donald Trump’s platforms on immigration and gender. The Los Angeles City Council, which represents the second-largest US city, unanimously voted to adopt a “sanctuary city” ordinance that prohibits city resources from being used in immigration enforcement or to cooperate with federal immigration agents, unless required by state law. LGBTQ advocates also fear his presidency will result in wider restrictions on transgender people and rollbacks of protections for other LGBTQ groups. Los Angeles City Council members listen as a man speaks in support of a proposed "sanctuary city" ordinance at City Hall on Tuesday. Teachers and administrators will receive training on how to respond to federal immigration personnel who request information about students and families or who are trying to enter school property.
Persons: Donald Trump’s, Karen Bass, They’ve, Jackie Goldberg, Hydee Feldstein Soto, ” Bass, , Gavin Newsom, Trump, Tom Homan, Etienne Laurent, , Homan, ” Homan, Curren Price, ” Price, Goldberg, stokes, Rocío Rivas, ” Rivas, Brendan Carr Organizations: Los Angeles CNN, Los, Los Angeles City Council, Los Angeles Unified School District, Republican, Trump, Bass, City, Democratic, Los Angeles Police Department, Trump -, Customs, Getty, “ Fox, Friends, Los Angeles Unified, Teachers, Department of Education, CNN, Federal Communications Commission, of Education Locations: Los Angeles, Los, , Wisconsin
New York CNN —Aldi is releasing its lowest-priced Thanksgiving meal deal in five years — and undercutting one of its largest rivals — as inflation-weary consumers shift their shopping habits to more affordable private labels. “With 25% of US households now shopping Aldi, we know grocery prices are still top of mind for customers,” said CEO Jason Hart in a press release. As of August, grocery prices were rising at a pace of 0.9% annually, landing in line with the average increase seen in 2019, according to Bureau of Labor Statistics data. The German company has a low-cost business model and boasts that its prices are up to 50% cheaper than traditional supermarkets. At around 12,000 square feet, its stores are much smaller than a typical US supermarket of 40,000 square feet.
Persons: , Jason Hart Organizations: New, New York CNN, Aldi, Walmart, of Labor Statistics Locations: New York, Ukraine
New York City Mayor Eric Adams will step into a Manhattan courtroom and into the history books on Friday when he is arraigned on federal corruption and bribery charges that could force him out of office. Adams is the first sitting New York City mayor to be indicted on criminal charges in the modern era. “This was a multiyear scheme to buy favor with a single New York City politician on the rise,” U.S. Attorney Damian Williams said Thursday. Adams' indictment capped two weeks of turmoil in his administration, a period during which Banks, the city’s police commissioner, and the city's top lawyer, have announced their resignations. “You could almost picture them trying to cobble this together and try to tell a story so that they could say, ‘corruption, corruption’ at a press conference,” Spiro said at a Thursday press conference.
Persons: Eric Adams, Adams, David Banks, ” Adams, , ensnared Adams, Damian Williams, Banks, Alexandria Ocasio, Sen, John Liu, New York — Sen, Chuck Schumer, Hakeem Jeffries, Kathy Hochul —, , Adams ’, Alex Spiro, ” Spiro, Edward Caban, James Caban, ” Williams Organizations: York City, New York City, City, New York City Schools, New York Fire Department, Democratic, ” Prosecutors, Turkish, Adams . Police, Authorities, Queens Locations: York, Manhattan, New York City, Brooklyn, Turkish, U.S, Alexandria, Cortez, New York, India, France, China, Hungary, Ghana, Turkey, Istanbul, Washington, Adams
However, experts say there is more to Beyoncé’s snub than the industry’s longtime erasure of Black artists’ contributions to country music. In contrast, rapper Post Malone made his first foray into country music this year and opted for a more mainstream country music sound, tapping Nashville giants to assist in his project. As one of the largest pop stars in the world, her career is not dependent on Nashville or the Country Music Association, which runs the CMA Awards. Neither Beyoncé nor the Country Music Association responded to a request for comment on the matter. The CMA Awards snub has opened up a dialogue about where the country music industry can go from here.
Persons: Carter ”, Beyoncé, Amanda Marie Martinez, tonks, , Martinez, Post Malone, Morgan Wallen, Tim McGraw, Blake Shelton, Luke Combs, Malone, Cowboy Carter, ” Martinez, Emmett Price III, Price, Carter, Cowboy Carter ”, Shaboozey, ” Price Organizations: Music, The, University of North, Chapel Hill, Artists, Nashville, Country Music Association, CMA, Tennessean, Berklee College of Music, , NBC Locations: University of North Carolina, Chapel, Nashville , Tennessee, Nashville, Texas, Beyoncé
In Europe, the trend is even stronger, with around 46% of Danish households inhabited by men and women flying solo. To mark Sexual Health Awareness Month this September, New York’s Walker Hotel Tribeca has introduced a “Self-Love Pod” offer, aimed at the recently single. When it comes to romantic partners, there’s no cheaper date than your own five digits, but rates for Walker Tribeca’s Self-Love Pods start at $350 – and that’s before you even buy yourself dinner. That’s quite a lot to shoot for, but it’s definitely one of the most fun ways to reduce cancer risk. If getting the peace and quiet to be oneself means booking a “Self-Love Pod” in Tribeca, then have at it, ladies.
Persons: , onanism, Cacit Welness, Maude, Walker, Walker Tribeca’s, , Virginia Woolf Organizations: CNN, Walker Tribeca, British Medical, University College London Locations: Europe, New, Manhattan, Flatiron, midlife, Tribeca
The Federal Reserve's preferred inflation measure continued to gradually cool overall in June even as a “core” inflation measure held steady, likely keeping the central bank on track for a rate cut later this year without stoking any urgency for a reduction at its meeting next week. A “core” price measure that strips out food and fuel costs for a better sense of the underlying inflation trend proved more stubborn. Yearly core inflation was 2.6 percent, matching its reading in May. And on a monthly basis, both measures of inflation climbed modestly. Overall, the report served as a reminder that inflation is substantially lower than it was at its 2022 peak, but is not yet entirely vanquished.
On a monthly basis, prices fell overall, and the core price index was up just 0.1 percent. Fed officials have been watching for signs that inflation is still coming down as they contemplate when to begin cutting interest rates. And Thursday’s inflation reading is poised to be markedly cooler than the 9.1 percent rate when inflation peaked at in 2022. Fed officials meet in late July, but few economists expect a move that early. Fed policymakers officially target 2 percent annual inflation, and they define that goal using the Personal Consumption Expenditures inflation measure, which is related to Thursday’s Consumer Price Index but released later in the month.
Persons: ” Jerome H, Powell, that’s Organizations: Federal Reserve, Bloomberg, Fed
The Consumer Price Index likely climbed at a moderate pace in June, which would be welcome news for Federal Reserve officials who are watching for further evidence that they have wrestled rapid inflation under control. After stripping out food and fuel prices for a sense of the underlying trend, the “core” price index is expected to have climbed 3.4 percent compared to year earlier, unchanged from the previous report. Inflation is expected to remain moderate on a monthly basis. Economists forecast just 0.2 percent core inflation on a monthly basis, which would match the reading for May. Fed officials have been watching for evidence that inflation is still coming down as they contemplate when to begin cutting interest rates.
Organizations: Federal Reserve, Bloomberg, Fed
Live Updates: Inflation Likely Cooled Further in June
  + stars: | 2024-07-11 | by ( Jeanna Smialek | ) www.nytimes.com   time to read: +3 min
Overall inflation was probably 3.1 percent in June on an annual basis, down from 3.3 percent in May and the coolest reading since January, based on Bloomberg economist forecasts. Economists forecast just 0.2 percent core inflation on a monthly basis, which would match the reading for May. Fed officials have been watching for evidence that inflation is still coming down as they contemplate when to begin cutting interest rates. And Thursday’s inflation reading is poised to be markedly cooler than the 9.1 percent rate when inflation peaked at in 2022. Fed officials meet in late July, but few economists expect a move that early.
Persons: ” Jerome H, Powell, that’s, , Organizations: Federal Reserve, Bloomberg, Fed
The Federal Reserve’s preferred inflation measure continued to cool as consumer spending grew only moderately, good news for central bankers who have been trying to weigh down demand and wrestle price increases under control. And on a monthly basis, inflation was especially mild, and prices did not climb on an overall basis. The Fed is likely to watch the fresh inflation data closely as central bankers think about their next policy steps. Officials raised interest rates sharply starting in 2022 to hit the brakes on consumer and business demand, which in turn can help to slow price increases. But they have held borrowing costs steady at 5.3 percent since July 2023 as inflation has slowly come down, and have been contemplating when to begin lowering interest rates.
Jurors in Los Angeles agreed with the plaintiffs that the NFL conspired with member teams to artificially inflate the price of “Sunday Ticket” for millions of residential and commercial subscribers. The jury awarded $4.6 billion to a residential class, and $96 million to commercial subscribers such as bars and restaurants, according to an attorney for the plaintiffs. A judge could award triple damages under US antitrust law, bringing the total judgment to more than $14 billion. The plaintiffs are DirecTV subscribers who bought “NFL Sunday Ticket” between June 2011 and February 2023. The case includes at least 2.4 million residential customers and 48,000 commercial subscribers like bars and restaurants, according to court records.
Persons: Organizations: National Football League, NFL, DirecTV, YouTube, Google, AT, CBS, Fox Locations: California, Los Angeles
Last month there were $122 billion of transactions at car dealerships, according to Commerce Department estimates. That accounts for 17% of all retail sales in May. An outage lasting through June 30 would mean 10 days without dealership access to CDK. Now here’s where it gets even more glaring: Retail sales aren’t just some minor part of the economy. Consider yourself warned: You may want to hold off on looking at your 401(k) on July 25, when the government releases second-quarter GDP estimates.
Persons: Ramishah Maruf, Peter Valdes, CDK, Russell Price, ” Price Organizations: New, New York CNN, North America, Commerce Department, Ameriprise, CNN Locations: New York
Fisker filed for bankruptcy protection late on Monday, the latest start-up in the electric vehicle industry to fall short after raising large amounts of money from investors with lofty expectations. Fisker’s bankruptcy filing, roughly one year after it delivered its first vehicle and almost four years after it went public, came after months of doubts about its financial viability. The start-up repeatedly cut production targets for its flagship Ocean S.U.V. Talks with another automaker about a potential investment broke down earlier this year, and the company’s beaten-down stock, once worth several billion dollars, was delisted from the New York Stock Exchange for “abnormally low” price levels. It outsourced production and emphasized its design and software, such as a rotating dashboard screen.
Persons: Fisker Organizations: New York Stock Exchange
That’s short for Kelley Blue Book, and it’s one of the longest-standing sources for used car values there is. Bob Kelley, publisher of used car guide Kelley Blue Book, died at 96. By 1926, that list turned into the first Kelley Blue Book pricing guide for used cars. Long ago, Bob Kelley was a “lot boy” at the dealership run by his uncle and his father, Sidney “Buster” Kelley. In 1995, Kelley Blue Book started a website, making its data easily accessible to the general public, not just industry insiders.
Persons: Kelley, Bob Kelley, Bob Kelley’s, Bob’s, Les Kelley, Kelley Kar, Sidney “ Buster ” Kelley, Charlie Vogelheim, Buster, , it’d, ” Bob, Vogelheim, Bob, ” Vogelheim, , Edmunds Organizations: CNN, Kelley Kar Company, Los, Lexus, Cox Enterprises Locations: Indian Wells , California, Los Angeles
Hong Kong CNN —Apple is offering unprecedented price cuts in China as big brands and retailers launch promotions for the annual “618” shopping festival in the face of sluggish consumer demand. The JD.com Inc. headquarters during a ceremony marking company's 20th anniversary and 618 shopping event in Beijing, China, on Sunday, June 18, 2023. The 618 shopping festival, a key barometer of consumption in the country, has seen growing competition by e-commerce sites and retailing brands to offer discounts. One statement, issued by 10 publishing houses in Beijing, said the boycott was a necessary move to “maintain the stability and prosperity” of the book publishing market. Even major state-owned publishing companies voiced opposition to “chaotic” price wars.
Persons: Apple, Alibaba —, Alibaba, Rihanna, iPads, , Jefferies Organizations: Hong Kong CNN, Apple, Huawei, Vivo, JD.com, Inc, Bloomberg, Getty, Counterpoint Research, Xiaomi, Shanghai Century Publishing Locations: Hong Kong, China, Shanghai, Beijing
CNN —Toward the end of its 35th season, “The Simpsons” made a move that rankled some fans: It killed a longtime resident of Springfield. I would say under 10,” said Matt Selman, sardonic showrunner of “The Simpsons,” in an interview with CNN. There are around 16 writers per season, typically made up of 22 episodes, though this season has just 18 due to the 2023 writers’ and actors’ strikes. Last month, Sosthand won a Writers Guild Award for the episode, beating out three other nominees from the “Simpsons” writers room. It’s nice that their hard work has been noticed, Selman said, but critical appraisal of “The Simpsons” is always in flux.
Persons: Read, Larry, Barfly, he’s, Homer, they’re, Duff, , , Matt Selman, Marge, Bart, Lisa, Maggie, Selman, ’ ” Selman, – – Selman, Carl Carlson, Carl Carlson Rides, Loni Steele Sosthand, who’s, Murphy, Skinner, Bumblebee Man, Cesar Mazariegos, Broti Gupta, , John Frink, Mike Price, who’ve, , hasn’t, ” Sosthand, Carl, Sosthand, “ It’s, ” Selman, Moe, Rev, Lovejoy, Krusty, ” Price, , Mazariegos, might’ve, “ We’re, Price, Kirk, Willie, janitor’s, Groundskeeper Willie reconnects, ” It’s, Bart hijinx, Ned Flanders, Maude Flanders, Edna Krabappel, it’s “ Organizations: CNN, Gracie Films, Springfield ”, Crazy, , Bass, Scottish Locations: Springfield, Moe’s, , Iceland, West, Scotland
CNN —When Lauren Price was eight years old, she wrote down three goals for herself – to become a kickboxing world champion, play international soccer for Wales and compete at an Olympic Games. At 12, she was a world kickboxing champion, a title she won another three times. “This is just the start,” Price, now the WBA, IBO and Ring Magazine welterweight champion, told broadcaster Sky Sports afterwards. Lauren Price won a gold medal at the Tokyo Olympic Games in 2021. My nan used to say ‘reach for the moon, if you fall short you’ll land on the stars,’” Price told Sky Sports.
Persons: Lauren Price, , Price, Matt Lewis, Jessica McCaskill, McCaskill’s, ” Price, , Katie Taylor, Derek, Linda, Buda Mendes, ’ ” Price, it’s, , Ben Shalom Organizations: CNN, Wales, Olympic, Soccer, London, Tokyo, WBA, IBO, Sky Sports, National Lottery, Tokyo Olympic Games Locations: Cardiff, Wales, Ireland
Families with college-bound students may well have shuddered when they heard that the official, full cost of a year at some four-year private schools will soon hit six figures. But outrage over mushrooming college “sticker” prices clouds a reality that some families may not fully understand: Few students pay the full price. On average, private nonprofit colleges cut tuition by more than half for first-time undergraduates, according to a recent report from the National Association of College and University Business Officers. That means college sticker prices — the full “cost of attendance” that the federal government requires colleges to publish — are an increasingly unreliable indicator of what a family will pay, according to a report titled, in part, “Ignore the Sticker Price,” and published Friday by the Brookings Institution, a Washington think tank. That goes for both low- and middle-income families, as well as for higher-income families that don’t qualify for need-based aid.
Persons: Organizations: National Association of College and University Business, Brookings Institution Locations: Washington
Hong Kong CNN —Xiaomi formally launched its much-anticipated electric car — the new Speed Ultra 7 (SU7) sedan — on Thursday night in Beijing. “Xiaomi wants to build a ‘dream car’ comparable to Porsche and Tesla,” he said on Weibo Wednesday. On Thursday, Xiaomi announced that prices for SU7 models would range from 215,900 yuan ($29,874) to 299,900 yuan ($41,497). Xiaomi’s SU7 has been on display in showrooms in 29 cities across mainland China since Monday, according to Lei. People look at Xiaomi's first electric vehicle SU7, displayed in a newly opened Xiaomi store in Beijing on March 25, 2024.
Persons: Hong Kong CNN — Xiaomi, Lei Jun, “ Xiaomi, , Xiaomi, SU7, Lei, Tingshu Wang, It’s Organizations: Hong Kong CNN, Porsche, Tesla, Weibo, Counterpoint Research, Reuters, Porsche Taycan, Tesla’s Locations: Hong Kong, Beijing, China, EVs
FCC cracks down on cable TV ‘junk fees’
  + stars: | 2024-03-14 | by ( Brian Fung | ) edition.cnn.com   time to read: +9 min
The new junk fees rule requires cable and satellite TV companies to list “all-in” prices to consumers in their billing and marketing materials — including any miscellaneous fees, such as those related to sports programming or local broadcast channels. Between 24% and 33% of the typical consumer’s bill can be attributed to fees, consumer advocates told the FCC. In a separate move last year, the FCC proposed banning certain cable fees altogether, including early termination fees that the agency says hinder competition and prevent customers from easily switching providers. Mending the digital divideIn addition to cable, the FCC also addressed internet availability during its Thursday meeting. Defining high-speed internetThe report also reflects newly adopted revisions in how the country defines high-speed internet, which the FCC voted to approve on Thursday.
Persons: , , Jessica Rosenworcel, ’ ”, NCTA, Dave Wallace, Amira Karaoud, Biden, Rosenworcel, you’re, Anne Neuberger, Neuberger Organizations: Washington CNN, Federal Communications Commission, FCC, Energy Star, National Institute for Standards, Technology, Logitech, LG, Samsung, Consumer, European Union Locations: Kentucky, Louisville , Kentucky, U.S, greenlight, Las Vegas, America
New York CNN —Ticket prices to see one of Caitlin Clark’s final home games for Iowa are taking off since Clark announced her intention to enter the 2024 WNBA Draft. Clark can further etch her name into the history books on Sunday, needing 18 points to pass Pete Maravich’s all-time college scoring record of 3,667 points. TickPick said that the most expensive listing for that game has sold for $1,001 at Carver-Hawkeye Arena in Iowa City, Iowa. I am excited to be entering the 2024 WNBA Draft,” she said in a post on X. The WNBA Draft will be held on April 15, with the Indiana Fever expected to draft her after the team won the lottery for the No.
Persons: Caitlin Clark’s, Clark, Pete Maravich’s, TickPick, ” TickPick, Brett Goldberg, , Organizations: New, New York CNN, Iowa, Ohio State, NCAA, FOX, University of Michigan, CNN, Big, WNBA, Indiana Fever Locations: New York, Iowa City , Iowa, Minneapolis, Iowa’s, Iowa
Caitlin Clark is breaking more records
  + stars: | 2024-02-27 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —It wouldn’t be a Caitlin Clark game without a record being broken. The average purchase price for her game, as of Tuesday morning, is 1,100% more expensive ($557) than the average price of a WNBA game ($49). Clark hasn’t said if she will forgo the 2024 WNBA draft — where she is projected to be selected first overall — or remain in college for a fifth season. That meant college athletes like Clark could start making money off their likeness. Clark has also signed deals with Gatorade, Nike and State Farm, among others.
Persons: Caitlin Clark, Clark, TickPick, ” TickPick, Brett Goldberg, , Clark hasn’t, Shedeur Sanders, Deion Sanders, , CNN’s Clare Duffy, Allison Morrow Organizations: New, New York CNN, NCAA, University of Iowa, Ohio State, University of Michigan, Carver, FOX, WNBA, CNN, Iowa, Big, Clark, University of Colorado Buffaloes, NFL Hall of, Gatorade, Nike, State Farm Locations: New York, Iowa, Ohio, Minneapolis
New York CNN —Lionel Messi’s debut in his first full Major League Soccer season might not cost fans the extraordinary prices seen last year for his first-ever game with Inter Miami, but they do show that “Messi Mania” hasn’t diminished despite his rocky preseason. That’s 1,257% more expensive than the cheapest, or “get in” price of last season’s home opener when it cost $7 for a seat. Prices on the secondary market are elevated for the rest of Inter Miami’s season with tickets about 70% more expensive than last year. In particular, Inter Miami sales are 150-times higher compared to the start of last season and is the most in-demand MLS team, with the Los Angeles Galaxy in second and the New England Revolution in third. “The surge in sales for Inter Miami, and the league as a whole, are a testament to his legacy as a soccer star,” said StubHub spokesperson Adam Budell told CNN.
Persons: Lionel Messi’s, “ Messi, , Messi, TickPick, , ‘ Messi, , ” Brett Goldberg, Adam Budell, Messi’s, Billy Lalor Organizations: New, New York CNN, Major League Soccer, Inter Miami, MLS, Miami, Real Salt Lake, Inter Miami’s, Montreal, Inter, CNN, MLB, NHL, Los Angeles Galaxy, , North Locations: New York, Real Salt, Argentina
Few prices are as visible to Americans as the ones they encounter at the grocery store or drive-through window, which is why two years of rapid food inflation have been a major drag for U.S. households and the Biden administration. But now, the trend in grocery and restaurant inflation appears to be on the cusp of changing. After months of rapid increase, the cost of food at home climbed at a notably slower clip in January. And from packaged food providers to restaurant chains, companies across the food business are reporting that they are no longer raising prices as steeply. In others, it’s because the prices that companies pay for inputs like packaging and labor are no longer rising as sharply.
Persons: Biden Organizations: Shoppers
Clark ended Thursday with 3,569 career points and could set the all-time scoring record in men’s and women’s NCAA basketball history before the season’s end. The late Pete Maravich, who played at Louisiana State for three seasons from 1967 to 1970, holds that record – 3,667 points. Her 49 points Thursday also was a one-game best for her in college, and a one-game best for any University of Iowa women’s basketball player. Before Thursday’s game, at Iowa’s weekly news conference, Clark was asked if she ever thought she could be in a position to surpass the career scoring record. I think that’s been one of the coolest parts.”This season, Clark and Iowa are looking to end the season on a high by claiming a first ever women’s basketball national championship.
Persons: Caitlin Clark, Clark, Kelsey Plum’s, Pete Maravich, Clark’s, ” Clark, , I’m, Lisa, Bluder, Caitlin, , ” Bluder, you’ve, Greta Kampschroeder, Matthew Putney, Plum, eason, ould, , ames Organizations: CNN — University of Iowa, NCAA, Michigan Wolverines, Louisiana State, University of Iowa, Des Moines, Carver, Indiana Fever, University of Washington, tate Locations: men’s, Iowa, Michigan
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